17 Feb 2015

Business Briefs

1:42 pm on 17 February 2015

Fonterra's new dairy ingredients plant up and running

The dairy company, Fonterra, said its new dairy ingredients plant in the Netherlands is up and running.

The plant has been developed in partnership with the Dutch cheese manufacturer, A-ware Food Group and is Fonterra's first wholly owned and operated ingredients plant in Europe.

The dairy co-operative said 5,000 tonnes of whey protein and 25,000 tonnes of lactose will be produced at the plant each year.

Gimblett to take over as property general manager at Goodman

Goodman Property Trust says Michael Gimblett will take over as the new property general manager, following the retirement of Murray Barclay.

Mr Gimblett has worked in other roles with the company, for the past nine years, recently overseeing a new Fonterra development in the Viaduct Quarter.

The company said he has a proven track record and is highly regarded throughout the industry.

The appointment takes effect from the beginning of April.

Financial Conduct Authority looking at HSBC

In Britain, the Financial Conduct Authority said it is looking into the HSBC bank over its Swiss tax-dodging scandal.

The move follows last week's allegations that the bank helped hundreds of people evade tax using hidden HSBC accounts in Geneva.

However, the authority's action falls short of a full investigation.

A spokesperson said it doesn't regulate tax advice, nor does it regulate the activities of any Swiss-based bank.